United Bank of India

Vijaya Bank

Andhra Bank

UCO Bank

IndusInd Bank

Indian overseas Bank

Syndicate Bank

Central Bank of India (CBI)

Development Credit Bank (DCB)

Bank of Maharashtara

Dhanalakshmi Bank

Indian Bank

HSBC

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As per RBI guidelines MCLR major benefits to customers:

✓ The MCLR will be a tenor linked internal benchmark. ✓ Actual lending rates will be determined by adding the components of spread to the MCLR. ✓ Banks will review and publish their MCLR of different maturities every month on a per-announced date. ✓ Banks may specify interest reset dates on their floating rate loans. They will have the option to offer loans with reset dates linked either to the date of sanction of the loan/credit limits or to the date of review of MCLR. ✓ The periodicity of reset shall be one year or lower. ✓ The MCLR prevailing on the day the loan is sanctioned will be applicable till the next reset date, irrespective of the changes in the benchmark during the interim period.